DJIA Falls on Weak Bank Earnings, Swiss Currency Surprise

The DJIA and the S&P 500 both declined for the fifth consecutive trading session Thursday, while one of the most shocking currency decisions in recent history hammered global equity markets. The Swiss National Bank abandoned its current economic policy that prevents the euro/Swiss franc exchange rate from falling below 1.20. The Swiss franc surged as much as 39% against the euro and U.S. dollar on the day. The post DJIA Falls on Weak Bank Earnings, Swiss Currency Surprise appeared first on Money Morning - Only the News You Can Profit From .